Technology One Limited · ASX:TNE
Technology One — Shareholder Meeting (February 2024)
26 slides from Technology One's shareholder meeting presentation, Feb 21, 2024
Slide 1: 2023 Annual General Meeting
2023 For personal use only Annual General Meeting Ended 30 September 2023 21 February 2024
Slide 2: Disclosure Statement
Disclosure Statement For personal use only TechnologyOne Ltd Annual General Meeting – 21 February 2024 Technology One Ltd (ASX: TNE) today conducted its Annual General Meeting at the Brisbane Convention & Exhibition Centre. These slides have been lodged with the ASX and are also available on the com
Slide 3: Agenda
Agenda For personal use only • Financial Results & Significant Achievements • Outlook for FY24 • Long Term Outlook
Slide 4: Global SaaS ERP software with deepest functionality
Clear For personal use only ERP software – Deepest functionality Global SaaS Strategy Mission critical products In 2008, we had 11 products, for the markets we serve Mission critical products which Solution – One Global Code Line Our SaaS customers in 2023, we have 16 products power our customers un
Slide 5: Record Total ARR $392.9m, growth of 23%
Total ARR For personal use only Growth of 23% Record Total ARR $392.9m
Slide 6: Profit Before Tax growth of 16%
Profit Before Tax Growth of 16% Record Net Profit before tax $129.9m For personal use only FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 Beat guidance of 10%-15% PBT growth
Slide 7: Surpass $500m+ ARR by FY26
For personal use only Surpass $500m+ ARR by FY26
Slide 8: Upgrades to $500m+ ARR by FY25
For personal use only Upgrades to $500m+ ARR by FY25
Slide 9: FY23 dividend up 15% to 19.52cps
FY23 dividend up 15% to 19.52cps Increased profit enables dividend uplift For personal use only - Strong balance sheet supports dividend - Significant cash holdings retained for inorganic growth - Payout ratio 62% (FY22: 62%) - Dividend franked to 60% (FY22: 60%) - Dividend paid every year since 199
Slide 10: Balance Sheet and Cash Flow
Balance Sheet Cash Flow NPAT versus Cash Flow Generation (CFG) For personal use only Cash and Investments $104.6m $120.0m $103.0m Up 27%, $98.0m $47m $77.2m $90.0m $93.0m $88.0m NPAT $102.9m $60.0m $83.0m $78.0m NPAT $88.8m $30.0m $73.0m $105.0m $125.2m $142.9m $175.9m $223.3m $68.0m $0.0m 2019 2020
Slide 11: FY23 Summary: record profit and revenue
FY23 Record profit and revenue, Cashflow Generation up Revenue – SaaS & recurring For personal use only Summary record total ARR 36% to $104.6m Business up 22% to $390.7m UK ARR Profit Before Tax Cash and up 52% up 16% Investments to $26.5m to $129.9m up 27% to $223.3m Additional Surpass $500m+ Tota
Slide 12: Our 4th Generation Global SaaS ERP Fuels our growth
For personal use only Our 4th Generation Global SaaS ERP Fuels our growth
Slide 13: Agenda
Agenda For personal use only • Financial Results & Significant Achievements • Outlook for FY24 • Long Term Outlook
Slide 14: Outlook for FY24
Outlook for FY24 Strong ARR and Profit growth to continue in FY24 For personal use only • The markets we serve such as Local • Customers turn to our Global SaaS Government, Higher Education and ERP to save 30%+ and streamline Government are resilient. their business • TechnologyOne provides mission
Slide 15: Agenda
Agenda For personal use only • Financial Results & Significant Achievements • Outlook for FY24 • Long Term Outlook
Slide 16: Upgrade to $500m+ ARR by FY25
For personal use only Upgrade to $500m+ ARR by FY25
Slide 17: R&D Significant Investment
R&D Significant Investment R&D investment of $112.0m up Continuous R&D staff For personal use only 21% investment for future 540 new Fastest features Adoption growth Build an app Google to faster without outcome having to code experience R&D 26% of investment revenue2 of $112.0m1 1 R&D expenditure b
Slide 18: True SaaS ERP
True SaaS ERP Deepest functionality for the markets we serve For personal use only POWER OF A SINGLE INTEGRATED ERP SOLUTION
Slide 19: Continue to double in size every 5 years
For personal use only Continue to double in size every 5 years
Slide 20: SaaS+ lifts ARR by 40%
For personal use only SaaS+ lifts ARR by 40% Solution as a Service
Slide 21: United Kingdom
United Kingdom Significant investment for future growth For personal use only UK ARR up 52% to $26.5m Profit of 3.7m, up 54% pcp Total ARR and Profit $30.0m $3.7m $4.0m ü 2 Student Management $25.0m $2.4m $3.0m Deals Closed ü Strong Sales Team Profit $1.6m Total ARR $20.0m $2.0m $15.0m $0.1m $1.0m ü
Slide 22: Multiple Platforms for Growth
Multiple Platforms for Growth For personal use only Strong Net Revenue Retention (NRR) of 115-120% $2b of ARR whitespace in our APAC customer base R&D over next 5 years doubles APAC ARR whitespace from $2b to $4b ARR Solution as a Service is a gamechanger, lifts ARR by 40% Strategic acquisitions Con
Slide 23: People & Culture
People & For personal use only Culture Recognized as Employer of Choice Award winning programs Strong culture of creativity and Employee share program innovation
Slide 24: 500,000 children and their families out of poverty
For personal use only 500,000 children and their families out of poverty
Slide 25: Our People
For personal use only Our People
Slide 26: Making life simple for our community
technologyene Making life simple for our community